Recap of the Previous Week
The first scheduled distribution of 60,000 ARB tokens occurred on July 15th, 2024.
The additional planned distribution of 2,500 ARB was delayed and moved forward to the next week’s rewards due to a smart contract audit.
ARB Received Last Disbursement: 166,668 ARB [claiming both the first and second disbursement together on the 9th]
ARB Utilized as Incentives in the last week [will be distributed along with the next periods rewards]:
Contract address labels:
GP3 Rewarder: 0xD6cc89E02fD0D552BeD774563F394bCf44c14646
ARB left over: 106,668 ARB
Plan for leftover ARB: Any extra ARB will be returned to the DAO treasury at the end of the program.
Summary of incentives: 500k total ARB across 8 weeks to be distributed to:
- 480k ARB - Grand Prix Season 3 Trading Rewards
- 20k ARB - Lucky Ticket Raffle, derived from earning streaks (loyalty)
Additional Info / Disclosures to Multisig: N/a
STATS
Average daily TVL: $5.9M
Average daily volumes: $12.65M
Average daily trades: 1,442
Number of unique user addresses: 108
Avg Daily Transaction fees (7d MA): $6,603
Plan For the Next Two Weeks
Amount of ARB to be distributed: 65,000
Contracts that will be incentivized:
0xD6cc89E02fD0D552BeD774563F394bCf44c14646
Contract address label for all addresses:
GP3 Rewarder: 0xD6cc89E02fD0D552BeD774563F394bCf44c14646
Mechanism for distribution incentives:
Users can earn credits through valuable in app actions, such as producing trade volume, earning PnL, and completing Missions in order to achieve higher leaderboard status. Each rank is provided with a more and more valuable reward.
Additionally, traders can earn Lucky Tickets, which each provide an opportunity to receive rewards in a variety of assets, including up to 2,500 ARB per weekly raffle.